The IPO has a price range of Rs 88 to Rs 93 per share and will close for subscription on June 12, 2024.
Swastika Investmart Ltd in its report said that Le Travenues Technology Ltd, the parent company of popular online travel agencies Ixigo and AbhiBus, operates in the rapidly growing Indian online travel market.
"Its established brand presence, AI-powered operations, and diversified business model position the company for continued growth," it said.
Swastika Investmart further said that while Le Travenues has demonstrated strong post-pandemic recovery with impressive top-line and bottom-line growth, some key risks require careful consideration.
"The IPO valuation of 160.34x P/E appears relatively high. Despite this, considering the long-term growth potential of the online travel sector and the company's established brands, we recommend an 'Apply' rating for long-term investors," advised the brokerage firm. Read more:
